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A bond has a modified duration of 8.39 years. If interest rates rise by 36 basis points (or 0.36%), what is the predicted percentage price

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A bond has a modified duration of 8.39 years. If interest rates rise by 36 basis points (or 0.36%), what is the predicted percentage price change of the bond? The bod should fall in price by 3.02% The bod should rise in price by 3.02% The bond should fall in price by 8.39% The bond should rise in price by 8.39% Question 42 1 pts Which of the following bond relationships is not inverse? duration and maturity O coupon rate and duration duration and promised yield to maturity Interest rate changes and bond prices

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